The following is the Bravo Unlimited adjusted Trial Balance. Bravo Unlimited...
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Accounting
The following is the Bravo Unlimited adjusted Trial Balance.
| Bravo Unlimited | ||
| Adjusted Trial Balance | ||
| December 31, 2016 | ||
| Account Title | Debit | Credit |
| Cash | $88,450 |
|
| Accounts Receivable | 333,700 |
|
| Supplies | 15,255 |
|
| Prepaid Rent | 9,000 |
|
| Equipment | 295,285 |
|
| Accumulated Depreciation |
| $235,760 |
| Accounts Payable |
| 73,555 |
| Wages Payable |
| 12,000 |
| Capital Stock |
| 220,000 |
| Retained Earnings |
| 111,145 |
| Service Revenue |
| 902,105 |
| Interest Income |
| 1,500 |
| Rent Expense | 63,500 |
|
| Wages Expense | 539,260 |
|
| Supplies Expense | 42,520 |
|
| Depreciation Expense | 164,095 |
|
| Dividends | 5,000 | _________ |
| Totals | $1,556,065 | $1,556,065 |
What are the dollar values that will appear in Bravo Unlimited year end financial statements for the following line items: (For any Net Loss the dollar value must be enclosed in brackets and do not use a minus sign.)
1. Total Current Assets
2. Total Quick Assets
3. Total Current Liabilities
4. Net Income or (Net Loss)
5. Retain Earnings
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